Skip to main content

About your Search

English 24
Search Results 0 to 23 of about 24 (some duplicates have been removed)
caution the last time we had a debt ceiling debate who are not. they are saying, this is the time to make a strong argument to be aggressive. >> the do-nothing congress or not? >> i cannot believe this will be a do-nothing congress because the country can't afford. it i agree with steve that i think we are going to see a replay of what happened over the holiday -- i call it a new definition of march madness, heading into march. i do believe that leaders -- i have talked to leaders in all parties. they are -- they are very concerned about this breakdown. but quite frankly, people in both parties really want to take a stand. i think the country needs to say to their legislators, we have to cut the deficit, get in a room. i think the democrats and republicans alike agree we have to reduce the budget, but the republicans wouldn't do a farm bill to eliminate farm subsidy programs. >> thank you both for coming in. good to see you. >> with smart phone apps like facebook and instragram, khalid al-sayah users are sharing a lot more than they realize and could be sackifiesing their safety. we'll ta
year an it is mpletely unprecented. there's no change in sight. this is the debt ceiling debate of july and august 2011 which was supposed to come to grips with spending and our debt. it was punted off until this january. what came out was another probably as a result of the next one. we will come out with everything deferred. we are not facing the problem. ultimately, it will destroy our economy. >> i disagree with both nina and charles. it was postponed. it was avoided. that's a good thing. yes, the candid get kicked down the road. they had to because of the sequestration that will be taking place. what was achieved is that the president the achieved his goal of increasing the tax rate on the wealthy. that was important. the loser clearly being speaker boehner. yet a bad beginning of the year. >> the voters send them across the washingtons and make sure that they get every benefit that the government has available to them. they some republicans to washington to make sure that they will not have to pay. both parties keeping promises. they will much such a single gray hair on that beaut
deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt ceiling is something that we should put behind us in a hurry. you know, it was john engler, republican governor, former republican governor of michigan now head of the business roundtable said we ought to project debt ceilings for the next four or five years and not fight over them every time they come up and newt gingrich said it was a debt loser for the republicans to choose this as an issue. i'm saying the president should not have one of these last-minute showdowns over the debt ceiling, but we should speak in honest and i think complete terms about dealing with this deficit. it truly is a challenge we
to borrow. the president wants the debt ceiling raised without debate. but be serious, this is washington. >> any future budget agreements must balance the need for thoughtful spending reductions, with revenue from the wealthiest among us and closing wasteful tax loopholes. >> joining me now to tell us where this is all headed, the senate's number two democrat dick durbin of illinois. good morning, and happy new year, senator. thanks for joining us. can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, it we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates i
this debate? two years ago we went from 14 to $16 trillion debt ceiling and everybody said how horrible that was. now, we are talking about going from 16 to 18 trillion and that only takes us through 2014 at which point we will be talking about going to $20 trillion. a lot of people are rightly asking i think when does this stop. >> when does the madness stop. the country not only needs the debate. we need to solve the problem. what you will see from the house is we will put forward a plan that says if you want to increase the borrowing authority of this country here is a mean you of options where you can reduce spending of an equal or greater amount. you tell us, mr. president. you have been afraid to but together a budget. harry reid hasn't touched the budget in three years. tell us where to reduce spending because that has to happen if we solve this problem. that is the adult responsible thing to do and frankly what the american people are looking for us to do. let's do it for a change instead of saying give us more revenue and we promise we will cut spending later. give us more borr
to have a debate with us over the debt ceiling. he also says that he's not going to cut spending along with a debt limit hike. fiscal cliff behind us on the focus turns to spending. speaker ehr cited a new poll, showing 72% of americans agree with him. but any increase in the de limit must be accompanied by an equal amnt in spending cuts. senator john cornyn saying that if the president intends the president intends to carry through with his no negotiation threat, but a government shutdown may be the only way to find resolution. the new senate majority leader is saying that it may be necessary to partially shut down the government in order to secure the fiscal well-being of our country. the looming deadline for action has been obvious. and in every instance the white house has purposely blow up the process in a shameless attempt to score cheap political points. "the washington post" reported the top ally in the senate may not be fully on board with his approach. his imperious stance, if you will. senator harry reid repordly warned mr. obama is refusa to negotiate on the debt limit and
, the next test will come with the debt ceiling debate. let's hope mcconnell compromises and giving in while getting nothing in return. however, if his fiscal cliff negotiations are any indication, we'll most likely see him wave the white flag again. what's your reaction, senator? >> well, the election will take care of itself in 2014. the question is, what will we do now? we know that everybody's taxes were going up a couple of days ago. what we did was prevent tax increases on 99% of the american public. nobody in the senate, not the 90% of senate republicans who voted for this, voted to raise anybody's taxes. and the arbiter of whether something is a tax increase or not is americans for tax reform. the head of americans for tax reform said it was not a tax increase. and had he been a senator, he would have voted for it. look, this was not a tax increase. it was not the kind of complete deal we'd like, because we want to cut spending. but we did save a lot of taxes. the tax issue is behind us. and now we move forward to see if we can get a reluctant president to do something about reducing
it. >> john: does the country need that debate two years ago we had 14 trillion debt ceil now 16 tho to 18 trillion and that takes us to twint14 and then we will be at 20 trillion . people are rightly asking, when does this stop? >> guest: when does the madness stop? we need to solve the problem and what you will see from the house side. weemput forward a plan. if you want to increase the borrowing. this is a menu of options to reduce spending of equal or greater amount. you are afraid to put together a budget. harry reid hasn't passed a budget in three years. we have to retuse spending to solve the problem. that is the adult disciplined thing to do . what the american people are looking for us to do. instead of saying giving us more revenue and we'll cut spending later . let us run up the credit card, thrais it old lucy, charley brown football. american people are saying we'll not kick it this time. you guys always screw it up and let's do the right thing and solve the problem and put our count reap on to balance and have a growing economy. >> john: do the president's feet need to b
at the end of march. how far will the debate push that debt ceiling and if we go over the edge, if you will, of the debt ceiling and cannot meet our obligations, what effect does that have on america, the world and american taxpayer. >> the question also is at that point does the president act on his own and raise the debt ceiling out even going through congress? >> he has said that he won't go to the 14th amendment, which is the mechanism he could do it. but nancy pelosi said she would do it in the second. >> without seeing whether or not they can come up with a bipartisan solution. what are we going to end up doing, print money? >> they do that every day. how would anything be different? the bottom line is when you look at the fiscal cliff deal, $600 billion in new revenue on high income earners and $15 billion in spending cuts, leaving a $4 trillion hole on the budget over the next ten years, you can't keep going that direction. something has to happen. it's a matter of -- everybody agrees, when i asked van hollande and jordan i said do you agree we need to rain in the debt? yes. the que
worries have not disappeared. a debt ceiling debate, a fiscal cliff on the horizon, a budget discussion and we still have concerns about growth in europe and asia, cnn money polled a group of money managers on average. they forecasted the s&p 500 will finish the year up 4.5%. that's pretty low by historical standards. pimco founder is on the same page. his forecast, stocks and bonds return less than 5% in 2013. unemployment will stay at 7.5% and that gold will go up. i want to bring in ned riley, the chairman of riley asset management. ned, you are an eternal optimist with markets, do you think the forecasts are too low? >> i think they are too low. as a matter of fact we're looking specifically for the unemployment rate to drop to about 7%. the creation of 250,000 jobs a month seems a little bit ambitious. as the administration has put that out as a target. but i look at things such as what the auto industry is doing today versus what it did a year ago. what the housing industry is going to do in 2013 to gets things motoring along. i also am somewhat of a contrarian in china and the fa
politics. a new reaction today to the debt ceiling debate. on "meet the press," senate majority leader mitch mcconnell said they will not raise tax revenue again. he says instead the president should start working with congress to cut down on the deficit. >> the question now is will the president lead? why should we have to bring him to the table? why isn't he leading us in the direction of beginning to solve our long-term debt and deficit problem? it's perplexing to me that the president of the united states elected to lead the country is so reluctant to engage on the most important issue confronting our future. >> democratic congressman chris van holen, ranking member on the budget committee, was quick to respond. >> if senator mcconnell is going to draw the line in the sand, it's going to result in gridlock. we have to take a long-term approach to deficit reduction, meaning additional cuts. you remember during the campaign, you saw the republican candidate and paul ryan talking about all those tax breaks and loopholes in the tax code that disproportionately benefit wealthy people. g
the debate and frame it in terms of we are willing to raise the debt ceiling if the president will work with us to address spending cuts, i think that's a winning political argument. >> i think it's very interesting. i am worning your take and the fact that the way that this deal was constructed over the cliff, the debt ceiling and the sequestration are bog going to happen around the same time. to me, that sets the stage -- finally -- and this is the optimist, for a big deal that takes care of both of those things. am i naive or can you imagine a scenario where the deal is done and our major fiscal issues are solved with one, big bargain? >> i feel like i am talking to john lennon. i want to imagine a perfect world where we can all win. you can protect the powerful and you can also protect the weak, protect the people. i want to see that happen. look, let's face facts. the $16 trillion debt we have right now -- we rescued the banks to the tune of more than $16 trillion. i am trying to find a way for us to both win together. i think there is a way for us to do that. but we have to put th
. the president says he isn't going to have a debate with us over the debt ceiling. he also says he's not going to cut spending with along with the debt limit hike. citing a poll by david winston says that any increase in the nation's debt limit must be accompanied by spending cuts. texas senator john correspond anyo cornyn threatened a partial government shutdown. the coming deadlines will be the next flash points in our ongoing fight to bring fiscal sanity to washington. it may be necessary to shut down the government in order to secure the long-term fiscal well-being of our country, rather than plod along the path of greece, italy and spain. president obama needs to take note and put forth a plan immediately. and pat tume voiced the same sentiment in week earlier on "morning joe." >> our opportunity is on the debt ceiling. the president made it very clear. he doesn't want to have a discussion about it, because he knows this is where we have lev range. we republicans need to tolerate a temporary partial government shutdown which is what it could mean and insist we will get off the road to gre
will not negotiate around the debt ceiling. at the same time, republicans feel like they have much more leverage in this debate. they felt like they were kind of on the losing end of the last fiscal cliff fight with their position that could have caused some tax increases on everyone, including middle class americans. so they were in a tough spot. they feel like this is an issue where they have more public support. the issue that we need to cut spending and that we shouldn't just keep raising the debt ceiling. so those are the dynamics going into that fight. add into that that speaker boehner is in a somewhat weakened position coming out of a tighter than expected fight for him to be reelected speaker. he will be speaker again but had to overcome some dissension in his own ranks to get in that position. and it's not just the debt ceiling fight. rolled into that was the sequester, which was pushed back only two months as part of the fiscal cliff deal, and we have part of a government funding bill that's going to expire in march. we have a lot rolled into one fight here. >> we do, and we have anot
in 2011 get pulled into that debate. but republicans want a fight tying the debt ceiling to spending cuts required by the fiscal cliff. >> we're crushing today's small businesses and the next generation of americans under a mountain of debt. >> reporter: they see an opening at the end of february when the debt limit now $16.4 trillion comes up as to mandatory spending cuts in the tens of billions. >> it's time to face up to the fact that our nation is in grave fiscal danger. grave fiscal danger and it has everything to do with spending. >> reporter: with income taxes raised republicans contend they now own the spending cut debate. to complicate matters they will run out of funds by the end of march. the president can tell himself he's not trading spending cuts for an increase in the debt ceiling but he probably will be. at least indirectly. major garrett, cbs news, the white house. >>> you hear the term winter wonderland tossed around a lot at this time of year. this is the 29th annual ice and snow festival in harbin, china and all of the large scale snow and ice sculptures are built out
: are you worried about this debate going on in washington, the debt ceiling to my defense spending, sequestration, on and on. negative impacts in december. did you think those will hold the market back? >> policy mistakes and my number one concern, and that's from washington. the market here is that a very important inflection point. this could be what i call the point of recognition. valuations in the market based on bond yields verses equity yield since august of 2011 when europe was giving big problems. they rose to levels never before seen which show a tremendous fear on the part of investors. right now they're back in the lower part of that range. if we can break through that it shows that investors will not be demanding as much of a risk premium as thee have been. that would be bullish for the market. i think there's a good chance we see all-time highs this year in the s&p. gerri: give me one sector name you like and then we have to go. >> i did not get compliance approval for a name, but i'm very bullish on financials and on consumers. gerri: thagives us a lot to chew over a
deja vu all over again. president obama says raising the debt ceiling needs to be done in order to avoid a government default and he wants congress to solve that problem. but he says he's not going to be pulled into a debate about it this year. republicans, however, may want to fight. they may tie the debt ceiling to spending cuts if they haven't -- that they haven't gotten so far. they see it as an opening and going to happen at the end of february when the debt limit comes up along with mandatory reductions in spending. >>> the fiscal cliff tug-of-war ends with pork, a lot of it. >>> plus big brother on the bus? how many muni plans to keep a close eye on its riders in the coming year. >>> a new push to stop mass shootings and the stockpiling of ammo. our conversation with congresswoman nancy skinner coming up next. [ male announcer ] the distances aren't getting shorter. ♪ the trucks are going farther. the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. >>> if you ride muni, get ready for your close-up.
and the spending cuts? >> well, i mean, i think the first up is the debt ceiling, and that's where you're now beginning to hear talk of, well, maybe we'll partially shut down the government. the president said i'm not -- i am not going to have a debate over whether we should borrow money to pay for what we've already spent. only he says to pay for what congress has already spent, and the republicans are saying, well, we're not going to raise that debt ceiling and allow the u.s. to borrow unless we get one for one. a dollar in the raised debt ceiling and a dollar in spending cuts, so i'm not sure where this is going. some republicans say, hey, we're going -- this is where we're going to get our spending cuts because they don't think they got any in the fiscal cliff plan that was just passed and this is where they want to make that stand. will all of them make it because it will need all republicans, particularly in the senate, to stick with that. so we'll see. it's another one of those, you know, games of chicken again. >> kind of getting tired of those, aren't you? >> me, too. need a new anal
. sounds like they are threatening at least a fight over the debt ceiling. i would say this to him and his colleagues, speaker bainer and eric cantor. be really careful with this debate. this is more nuclear than the other one. if you are really serious about playing chick win the president. give him a plan so we don't have to default on our debt. because if we ever default. and i'll tell you, barack obama may say let's just default. he may stick it to them. but if that does happen, there's real long-term damage. it will make the financial crisis look like a day in the park. so they should come to the table with a plan. here are the 15 things we have to do before we default and in the meantime we are going to negotiate hard with the president. >> charlie, always great to have you. look forward to seeing you soon and thanks for the inside. charlie gasparino, fox business network [applause] >> well, hollywood celebrities are advocating the banning of guns while making millions shooting guns in violent and bloody scenes in their own movies. plus, why one french actor who thinks he's being tax
congress to raise the debt ceiling without a fight. >> i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills they have already racked up through the laws they passed. >> that is stirring up lawmakers with domes backing the president saying there is no need to discuss racing the debt limit while republicans are saying the country needs to pull in its spending and not continue to raise the debt limit again and again. >> the president does not want to debate this because if i was the president of the united states and presighed over the four annual highest deficits in united states i would not want to talk about the issue. this is not about future payments but about paying bills already due. this is like we get up and say we will not pay our mortgage. that is reckless and irresponsible. >> congress has two months to fix the debt ceiling problem before the united states may is to default on its bills. >>gregg: another fox news alert. new response from the united states state department to syrian president bashar al-a
Search Results 0 to 23 of about 24 (some duplicates have been removed)